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solyndra was further hurt by a bad technology bet. companies in other segments of the solar industry say they're being unfairly tarnished by solyndra's collapse. how confident are you as the ceo of this company that american taxpayers are not going to be left on the hook for the money received in federal loan guarantees? >> very comfortable. it's a good invest by the u.s. government in jobs and in technology. >> reporter: but an investment some say is misplaced. >> these industries, solar tvs, solar thermal and other alternative energy producers have really an economic disadvantage and continuing to invest in the current alternatives for energy production is not likely to yield big payoffs. >> reporter: the chinese, have payoffs, we can try to compete or withdraw from the market and let everybody else leez that market. >> reporter: back in town, residents welcome the project, hotels booked solid and a spa reopened. >> a lot of hard work and a big relief knowing the deal came through. >> reporter: two other solar backed projects worth
solyndra was further hurt by a bad technology bet. companies in other segments of the solar industry say they're being unfairly tarnished by solyndra's collapse. how confident are you as the ceo of this company that american taxpayers are not going to be left on the hook for the money received in federal loan guarantees? >> very comfortable. it's a good invest by the u.s. government in jobs and in technology. >> reporter: but an investment some say is misplaced. >> these...
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solyndra was further hurt by a bad technology bet. companies are saying they're being unfairly tarnished by solyndra's collapse. >> how confident are you that american taxpayers are not going to be left on the hook for $730 million that you received in federal loan guarantees? >> we think it's a very good investment by the u.s. government. >> but it's an investment some say is misplaced. >> these industries, polar pv, solar thermal and other alternative energy producers have real economic disadvantages and continuing to invest in the current technologies for alternative energy production is not likely to yield big payoffs. >> the chinese are pouring 20 times the money we are into their technologies. we can either decide to try and compete or we can withdraw from the market and let everybody else lead that market. back in town with, restaurants welcomed the solar project. hotels are booked solid and the mispah has reopened. >> it was a big relief noelg that the doe funding came through. >> but two other federally backed solar projects
solyndra was further hurt by a bad technology bet. companies are saying they're being unfairly tarnished by solyndra's collapse. >> how confident are you that american taxpayers are not going to be left on the hook for $730 million that you received in federal loan guarantees? >> we think it's a very good investment by the u.s. government. >> but it's an investment some say is misplaced. >> these industries, polar pv, solar thermal and other alternative energy producers...
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two of the republicans investigating the solyndra case asked for anything that mentioned the solyndra loan whatsoever and send them up to capitol hill. what has happened now is that the white house capital has sent a letter to them this afternoon and it says, we're not going to do this. we're not going to send you all of these documents because you've gotten 70,000 pages of documents from agencies, another 900 pages from inside the white house, and to be just bottom line it for you, erin, this is consistent with other administrations. we've always heard about executive privilege. the president always protects traditionally the right of their advisers to give them unvarnished advice. this really isn't that big of a surprise but expect political fireworks any way. erin? >> okay. thank you. let's bring in jeffrey toobin and john. fireworks. we're definitely going to get them. in addition to the news that jessica broke, we're seeing the advisor campaign. >> solyndra stinks. there may be doubts about the wisdom of making these loans. however, to this piece of breaking news, as jessica said
two of the republicans investigating the solyndra case asked for anything that mentioned the solyndra loan whatsoever and send them up to capitol hill. what has happened now is that the white house capital has sent a letter to them this afternoon and it says, we're not going to do this. we're not going to send you all of these documents because you've gotten 70,000 pages of documents from agencies, another 900 pages from inside the white house, and to be just bottom line it for you, erin, this...
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in fact, investors in solyndra and investor in all of the other 28. i think it's good to take solyndra, which was a poster child that the vice president and the president just touted, look at this carefully, slowly, methodically, it's what we're doing and trying to get these answers? >> subpoenas in the coming days. chairman, appreciate your time. we'll stay on top of the story. thank you for your time. >>> still to come, tonight's truth test. the president's promise to put the little guy ahead of the deep-pocket the lobbyists. herman cain explains his campaign schedule and a not subtle take on team obama. >> super people are running america. we've got to outvote them. they are. i was criticizing. ♪ [ male announcer ] we're not employers or employees. not white collar or blue collar or no collars. we are business in america. and every day we awake to the same challenges. but at prudential we're helping companies everywhere find new solutions to manage risk, capital and employee benefits, so american business can get on with business. ♪ delivering
in fact, investors in solyndra and investor in all of the other 28. i think it's good to take solyndra, which was a poster child that the vice president and the president just touted, look at this carefully, slowly, methodically, it's what we're doing and trying to get these answers? >> subpoenas in the coming days. chairman, appreciate your time. we'll stay on top of the story. thank you for your time. >>> still to come, tonight's truth test. the president's promise to put the...
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solyndra and beyond. >>> jon huntsman boycotts nevada. he spoke to "outfront." >>> new search for baby lisa and did a nuclear accident contaminate hundreds of thousands of kids? in, in, managing expenses seems to... get in the way. not anymore. ink, the small business card from chase introduces jot an on-the-go expense app made exclusively for ink customers. custom categorize your expenses anywhere. save time and get back to what you love. the latest innovation. only for ink customers. learn more at chase.com/ink but they also go beyond banking. we installed a ge fleet monitoring system. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it. not just money, knowledge. it's so much information, it's like i'm right there in every van in the entire fleet. good day overall. yeah, i'm good. come on in. let's go. wow, this is fantastic. ge capital. they're not just bankers. we're builders. they helped build our business. [ mal
solyndra and beyond. >>> jon huntsman boycotts nevada. he spoke to "outfront." >>> new search for baby lisa and did a nuclear accident contaminate hundreds of thousands of kids? in, in, managing expenses seems to... get in the way. not anymore. ink, the small business card from chase introduces jot an on-the-go expense app made exclusively for ink customers. custom categorize your expenses anywhere. save time and get back to what you love. the latest innovation. only...
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solyndra was one of them. but the process by which the decision was made was on the merits, it was straightforward. >> no politics, forward? we'll put that to the truth test. >>> plus steve jobs is remembered around the world. his impact on technology and culture is every where and his legacy includes a powerful lesson from his fight with cancer. >> you've got to find what you love, and that is as true for work as it is for your lovers. your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. >> and as sarah palin exits the republican presidential stage, which candidate left behind can claim a giant advantage over president obama on the number one issue facing the country today? that and much more ahead. >>> first our top of the hour look at what you need to know right now. first that breaking news i just mentioned. cnn confirms that jonathan silver, the head of the energy department's controversial loan guarantee program is resigning
solyndra was one of them. but the process by which the decision was made was on the merits, it was straightforward. >> no politics, forward? we'll put that to the truth test. >>> plus steve jobs is remembered around the world. his impact on technology and culture is every where and his legacy includes a powerful lesson from his fight with cancer. >> you've got to find what you love, and that is as true for work as it is for your lovers. your work is going to fill a large...
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carl, first explain what is behind this deal as we know solyndra. >> solyndra, suzanne, in a nutshell was a bad investment from the get-go. the company made solar panels. it is based out in california. from the early days of the obama administration, it was held as a shining example of a company that supported renewable energy. president obama spoke there, vice president joe biden spoke via satellite at one point. so it had support from the top of the government. you see it encouraged green energy and it became one of the first companies -- in fact, under the stimulus package, it was the first renewable energy company to get a loan guarantee from the federal government. that loan guarantee was worth $55 million. $535 million. >> what's wrong with the plan? >> for one thing, solyndra never turned a profit. from the beginning there were people in the office of budget and department of energy who were questioning the riskiness of this. they were saying this company has cash problems, the department of energy, an e-mail said the company had problems making money and they also said that so
carl, first explain what is behind this deal as we know solyndra. >> solyndra, suzanne, in a nutshell was a bad investment from the get-go. the company made solar panels. it is based out in california. from the early days of the obama administration, it was held as a shining example of a company that supported renewable energy. president obama spoke there, vice president joe biden spoke via satellite at one point. so it had support from the top of the government. you see it encouraged...
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solyndra and beyond. >>> jon huntsman boycotts nevada. he spoke to "outfront." >>> new search for baby lisa and did a nuclear accident contaminate hundreds of thousands of kids? system. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it. not just money, knowledge. it's so much information, it's like i'm right there in every van in the entire fleet. good day overall. yeah, i'm good. come on in. let's go. wow, this is fantastic. ge capital. they're not just bankers. we're builders. they helped build our business. you can't change the way banking works. just accept it, man. free ? doesn't close at five ? try nature. it's a bank. what do you want, a hug ? just accept it. hidden fees, fine print, or they'll stick it to you some other way. stay with the herd, son. accept it. just accept it. accept it. just accept it. accept it. if we miss this movie, you're dead. if you're stuck accepting banking nonsense, you need an ally.
solyndra and beyond. >>> jon huntsman boycotts nevada. he spoke to "outfront." >>> new search for baby lisa and did a nuclear accident contaminate hundreds of thousands of kids? system. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it. not just money, knowledge. it's so much information, it's like i'm right there in every van in the entire...
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any case, solyndra is bankrupt. dan lothian, thanks. >>> if you watched monday night football last night, you may have noticed something was missing. espn skipped that famous, "are you ready for some football" opening. something that has been part of the broadcast for 20 years. hank williams was on fox news and made an analogy about president obama that, quite frankly, didn't go over very well. take a look. >> you remember the golf game they had, ladies and gentlemen, remember the golf game. that was one of the biggest political mistakes ever. >> why? >> that turned a lot of people off. >> boehner played golf with president obama? >> oh, yeah. yeah. biden and kasich, yeah. >> what did you not like about it? it seems to be a pivotal moment for you. >> come on, come on, like hitler playing golf with netanyahu. >> little unclear. not as unclear as the other comment he made when he called them the three stooges and the anchor said, who and he said, obama and biden. >> there's three stooges. >> that's right. hank william
any case, solyndra is bankrupt. dan lothian, thanks. >>> if you watched monday night football last night, you may have noticed something was missing. espn skipped that famous, "are you ready for some football" opening. something that has been part of the broadcast for 20 years. hank williams was on fox news and made an analogy about president obama that, quite frankly, didn't go over very well. take a look. >> you remember the golf game they had, ladies and gentlemen,...
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call unitedhealthcare medicare solutions. >>> in washington, congress is taking another look at solyndra loan controversy looming over the obama administration. one of the most combustible words in washington surfaced when republicans raised the cover up. lisa sylvester has been following the story. >> a lot of twists and turns with this one, wolf. republicans want to know who at the department of energy signed out of on a half a billion dollar loan to solyndra that filed for bankruptcy earlier this year. and they have been combing but tens of thousands of e-mails and documents and now, some gop lawmakers want secretary chu to testify. angry republicans didn't mince words questioning whether there was an attempt to protect steven chu as it became apparent the government would likely lose $535 million in the solyndra deal. in a key february 2011 memo, the chief council offered what she believed was a justification. but there are two versions. one obtained by subpoena, which is a draft titled memorandum for the secretary. the other where secretary chu was removed. republicans played this u
call unitedhealthcare medicare solutions. >>> in washington, congress is taking another look at solyndra loan controversy looming over the obama administration. one of the most combustible words in washington surfaced when republicans raised the cover up. lisa sylvester has been following the story. >> a lot of twists and turns with this one, wolf. republicans want to know who at the department of energy signed out of on a half a billion dollar loan to solyndra that filed for...
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. ♪ >>> it might, repeat, might just be another solyndra. the obama administration is coming under fire for hundreds of millions of dollars in loans made to electric car makers. lisa, what is going on? >> this is actually a loan program that originally started under the bush administration, but it really picked up after president obama took office. one billion dollars in loans has gone to two electric vehicle manufacturers, but like many start-ups, the companies have been losing money and that's causing some to draw comparisons to another green firm that went bankrupt. solyndra. which has cost taxpayers half a billion dollars. beautiful, sleek, sexy and energy efficient. the karma by fis car isn't cheap with a price tag of $95,000. the obama administration gave fiskar a loan to help the company. another company, tesla, received a similar $465 million. the idea is to create jobs. with tesla revamping an abandoned gm plant in kansas and fiskar in delaware. >> it's important to the american people. that is a growing global market. electric vehi
. ♪ >>> it might, repeat, might just be another solyndra. the obama administration is coming under fire for hundreds of millions of dollars in loans made to electric car makers. lisa, what is going on? >> this is actually a loan program that originally started under the bush administration, but it really picked up after president obama took office. one billion dollars in loans has gone to two electric vehicle manufacturers, but like many start-ups, the companies have been...
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you talked to jessica about the solyndra case. it links to this conversation about energy independence and whether it's really achievable. we have done the numbers and got the bottom line on that and that's also coming up. back to you. have a great weekend. >> you have an hour work left before you get that weekend. we'll see you in a few minutes. when we come back, governor rick perry lays out his jobs plan by drilling more and exploration for energy here in the united states. will it sell? i'll talk to one of the governor's top allies. ya' know those jeans look nice. they do? yup. so you were checking me out? yup. [ male announcer ] progresso. 40 soups 100 calories or less. i'm not a line item on a budget. and i'm definitely not a pushover. but i am a voter. so washington... before you even think about cutting my medicare and social security benefits... here's a number you should remember. 50 million. we are 50 million seniors who earned our benefits... and you will be hearing from us... today and on election day. ♪ why did we
you talked to jessica about the solyndra case. it links to this conversation about energy independence and whether it's really achievable. we have done the numbers and got the bottom line on that and that's also coming up. back to you. have a great weekend. >> you have an hour work left before you get that weekend. we'll see you in a few minutes. when we come back, governor rick perry lays out his jobs plan by drilling more and exploration for energy here in the united states. will it...
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to solyndra was worth $533 million, but they're going to look at that total. now, in terms of timing, 60 days from now mean that is the results would come in right around christmas and you know what else is happening then? the results of the vote on the results of the super committee, possibly a budget fight and the run up to the republican primaries, so you can be sure we're paying attention. >> we don't know at this point of the total $35 billion, how much of that was lost, do we? >> we don't, but we haven't heard of other bankrupt ses. solyndra is the one that everyone's focusing on, so at this point, it's a $535 million loss out of the total of 539 billion. >> i think there are some others as well. i'm not sure how much. thanks very much for that. >>> republican presidential candidate herman cain is generating a lot of buzz with a bizarre web campaign ad that's gone viral and while everyone debates what the ad is all about, there's no question that candidates are using the internet that ways they could never use on television. joe johns is watching. what's
to solyndra was worth $533 million, but they're going to look at that total. now, in terms of timing, 60 days from now mean that is the results would come in right around christmas and you know what else is happening then? the results of the vote on the results of the super committee, possibly a budget fight and the run up to the republican primaries, so you can be sure we're paying attention. >> we don't know at this point of the total $35 billion, how much of that was lost, do we?...
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. >>> the ceo of solyndra has resigned. brian harrison and solyndra have been under fire since they filed for bankruptcy protection after receiving $500 million loan guarantee from the government. he was among the company execs who refused to testify during the hearing into the controversy. >>> thousands are expected in washington this weekend for the official dedication of the dr. martin luther king jr. national memorial. the dedication was supposed to happen in august to coincide with the 48th anniversary of the march on washington and king's "i have a dream" speech but had to be postponed because of hurricane irene. president obama is expected to speak at the dedication ceremony on sunday. >>> the fitch credit rating agency has its eye on 13 banks it's looking to downgrade. we'll tell you which ones they are and what it means for them and your portfolio. [ male announcer ] it's true... consumers er wanchai ferry orange chicken... over p.f. chang's home menu orange chicken women men and uh pandas... elbows mmm [ male anno
. >>> the ceo of solyndra has resigned. brian harrison and solyndra have been under fire since they filed for bankruptcy protection after receiving $500 million loan guarantee from the government. he was among the company execs who refused to testify during the hearing into the controversy. >>> thousands are expected in washington this weekend for the official dedication of the dr. martin luther king jr. national memorial. the dedication was supposed to happen in august to...
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solyndra filed for bankruptcy this year. e-mails give us insights into the white house and the push to give this loan to this company. one e-mail from an energy department adviser talking about getting the loan approved said, the "white house is breathing down my neck on this." the white house defended its handling of that loan. also, a quiet family gathering to say good-bye to steve jobs. "the wall street journal" reporting the funeral for the apple co-founder was held yesterday. the paper quotes an unnamed source who says the service was small, private affair. no details about where it happened, though. jobs, as you know, died wednesday after a long battle with pancreatic cancer. >>> the number of deaths linked to those tainted cantaloupes continue to rise. the death toll now up to 21. centers for disease control and prevention says 109 cases of list teara h lystiria continue to rise. they were recalled last month. it is believed they are all out of the stores. because of the long incubation period of listirea, it could be
solyndra filed for bankruptcy this year. e-mails give us insights into the white house and the push to give this loan to this company. one e-mail from an energy department adviser talking about getting the loan approved said, the "white house is breathing down my neck on this." the white house defended its handling of that loan. also, a quiet family gathering to say good-bye to steve jobs. "the wall street journal" reporting the funeral for the apple co-founder was held...
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we got solyndra. president obama likes to remind us of what he inherited with one glaring exception. he forgets to mention that he also inherited a aaa bond rating. but now the american people are starting to do some downgrading of their own. last november and in special elections across the country since then, americans have rejected the president's agenda. and maybe you can think back, just after an inauguration, he was on the "today" show. and he told the interviewer -- not the innovator, the interviewer, he said if he couldn't turn the economy around in three years, why he would be looking at a one-term proposition. we're here to collect. we're here to collect. the president has just unveiled his latest jobs stimulus. and he's furious that we're not enthusiastic about it. but, mr. president, we remember your last stimulus, the one you promised would hold unemployment below 8%. it ended up costing over a quarter of a million dollars for every job you said it created or saved. a quarter of a million
we got solyndra. president obama likes to remind us of what he inherited with one glaring exception. he forgets to mention that he also inherited a aaa bond rating. but now the american people are starting to do some downgrading of their own. last november and in special elections across the country since then, americans have rejected the president's agenda. and maybe you can think back, just after an inauguration, he was on the "today" show. and he told the interviewer -- not the...
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now beginning with the ceo of solar energy company solyndra resigns. the firm is sikh bankruptcy protection after getting $528 million in loan guarantees from the obama administration. in bankruptcy papers filed just yesterday, solyndra said brian harrison resign last week as scheduled. >>> 11 years in the clink? that's how long the former hedge fund manager will spend behind bars. convicted in a $64 million scam. the sentence is a record for insider trading busts. he is also fined $10 million. >>> one of the dozens of wives of warren jeffs has he is came. this is him from earlier this summer. one of our affiliates reports the 25-year-old woman is now in a shelter. and this isn't the first time. she has apparently tried to leave. and she may have been held against her will and been drugged. now this. >> i apologize for the service outages this week. we've let many of you down. >> that guy is in charge of blackberry's maker. after three long days, service back for millions of people. we are will this is the network's worst outage ever. they're blaming a
now beginning with the ceo of solar energy company solyndra resigns. the firm is sikh bankruptcy protection after getting $528 million in loan guarantees from the obama administration. in bankruptcy papers filed just yesterday, solyndra said brian harrison resign last week as scheduled. >>> 11 years in the clink? that's how long the former hedge fund manager will spend behind bars. convicted in a $64 million scam. the sentence is a record for insider trading busts. he is also fined $10...
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. >>> the ceo of the bankrupt solar energy firm solyndra resigned. brian harrison stepped down last week. solyndra received a $535 million loan guarantee from the obama administration before it shut down in august. >>> good news, blackberry users, service is fully restored. the company's founder says the outage was caused by a hardware error. the backup system failed as well. >>> still ahead "crime and punishment" the jury in the michael jackson death trial could get the case next week. tonight a look at conrad murray's defense. >>> and a rare look at bullying as it happens. anderson sits down with the film maker of a ground breaking documentary when "360" continues. ♪ and the flowers and the trees ♪ ♪ all laugh when you walk by ♪ and the neighbors' kids run and hide ♪ deep inside you, there's a person who refuses to be kept deep inside you. ♪ but you're not ♪ you're the one be true to yourself. what's healthier than that? a we don't go lower than 130. ts a room tonight for 65 dollars. big deal, persuade him. is it wise to allow a peris
. >>> the ceo of the bankrupt solar energy firm solyndra resigned. brian harrison stepped down last week. solyndra received a $535 million loan guarantee from the obama administration before it shut down in august. >>> good news, blackberry users, service is fully restored. the company's founder says the outage was caused by a hardware error. the backup system failed as well. >>> still ahead "crime and punishment" the jury in the michael jackson death trial...
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>> reports out that the ceo of solyndra has resigned. harrison last month refused to testify in front of congress. he pleaded the fifth and congress wants to know why the energy department awarded the company half a billion dollars even when it was clear the firm was in financial trouble.troubl. solyndra the subject of an fbi investigation. harrison came on board july 2010. most of the employees were laid off when the company went under in august of this year. harrison one of future kept on as the company navigates through bankruptcy court. harrison, background on him, spend a large part of his career at intel in various role as vice president and general manager of business units. tomorrow there is another energy and commerce subcommittee hearing looking into whether or not the department of energy ignored warnings from the treasury department on the restructuring of that $535 million loan. representative cliff stearns who heads the subcommittee released a statement saying, quote, documents that the white house dumped last friday reveal
>> reports out that the ceo of solyndra has resigned. harrison last month refused to testify in front of congress. he pleaded the fifth and congress wants to know why the energy department awarded the company half a billion dollars even when it was clear the firm was in financial trouble.troubl. solyndra the subject of an fbi investigation. harrison came on board july 2010. most of the employees were laid off when the company went under in august of this year. harrison one of future kept...
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. >>> and solyndra, the bankrupt clean energy company, that ceo resigned. court documents so brian harrison stepped down last week. harrison, you remember, refused to testify in front of congress last month. today there's another hearing looking into whether the department of energy broke the law when it agreed to restructure solyndra's debt back in february. >>> house democrats are taking their outrage over bank fees straight to the justice department asking the attorney general to investigate whether the big banks are illegally working together, colluding to charge customers these new monthly fees. some contend that would violate antitrust laws. >>> coming up at 7:45 eastern we'll talk to the young woman leading a petition against the new $5 a month debit card. and north carolina congressman brad miller about a piece of legislation making it easier to switch your banks. >>> governor perry may be looking for new life for his presidential contain making his first energy speech. promises 1 tony -1.2 million jobs. we'll talk to him at 7:15. he'll be our guest
. >>> and solyndra, the bankrupt clean energy company, that ceo resigned. court documents so brian harrison stepped down last week. harrison, you remember, refused to testify in front of congress last month. today there's another hearing looking into whether the department of energy broke the law when it agreed to restructure solyndra's debt back in february. >>> house democrats are taking their outrage over bank fees straight to the justice department asking the attorney...
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his departure was announced in july before solyndra's chapter 11 filing. >>> be brave and go out in the streets. that call was in a new audio message reportedly from moammar gadhafi. he is urging supporters to protest against the new government. gadhafi also questioned the legitimacy. >>> so, what is the best way to send a pirates to stay away from the united states? how about this. blowing up their ship. senator mark begich wants to sink a vessel last month. they were using drift nets. the boat appears to be infested with rats. it's a real di lidilemma. the suggestion is just blow up the ship. >> we'll see. thanks very much. >>> we're seeing some liberal politicians embrace the so-called occupy wall street movement out there. i'll ask bernie sanders for his take on the spreading protest and their political impact and stand by to hear how four defendants allegedly stole millions of dollars from the u.s. army corp. of engineers and american taxpayers. nothing helped me beat arthritis pain. until i tried this. it's salonpas. pain relief that works at the site of pain... up to 12 hours. sa
his departure was announced in july before solyndra's chapter 11 filing. >>> be brave and go out in the streets. that call was in a new audio message reportedly from moammar gadhafi. he is urging supporters to protest against the new government. gadhafi also questioned the legitimacy. >>> so, what is the best way to send a pirates to stay away from the united states? how about this. blowing up their ship. senator mark begich wants to sink a vessel last month. they were using...
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like the outrageous fast and furious program where we're giving huge guns to outlaws in mexico or the solyndra loans. there is so much waste. let's begin there. >> you were -- i read your economic plan, which you released just in the past day, that talked about a couple of things you would do on day one. you would want to repeal president obama's health care plan and repeal dodd-frank, which is the financial reform bill. we have a group of entrepreneurs that vote on the plans you put forth. seven of them agree with you, but five do not. even a banker said that he would not repeal it. why are you so addemant on that? >> the problem with dodd-frank is that it drives costs up for the consumer, costs up to get loans for purchasing a house, loans from a bank. it drives up the cost for loans of a business person, for their business. we just saw recently that bank of america was increasing their debit card fee by $5 every month. that's infuriating americans. when the federal government intervenes and has the banking, the insurance and the bank holding companies now become beholden to the federal rese
like the outrageous fast and furious program where we're giving huge guns to outlaws in mexico or the solyndra loans. there is so much waste. let's begin there. >> you were -- i read your economic plan, which you released just in the past day, that talked about a couple of things you would do on day one. you would want to repeal president obama's health care plan and repeal dodd-frank, which is the financial reform bill. we have a group of entrepreneurs that vote on the plans you put...
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. >>> the ceo of the bankrupt solar energy firm solyndra resigned. he received a $535 million loan guarantee from the obama administration before it shut down in august. >>> good news, blackberry users, service is fully restored. the company's founder says the outage was caused by a hardware error. the backup system failed as well. still ahead "crime and punishment" the jury in the michael jackson death trial could get the case next week. tonight a look at conrad murray's defense. >>> and a rare look at bullying as it happens. anderson sits down with the film maker of a ground breaking documentary when "360" continues. i'm not a number. i'm not a line item on a budget. and i'm definitely not a pushover. but i am a voter. so washington... before you even think about cutting my medicare and social security benefits... here's a number you should remember. 50 million. we are 50 million seniors who earned our benefits... and you will be hearing from us... today and on election day. ♪ >>> looks like the michael jackson death trial may end earlier than ex
. >>> the ceo of the bankrupt solar energy firm solyndra resigned. he received a $535 million loan guarantee from the obama administration before it shut down in august. >>> good news, blackberry users, service is fully restored. the company's founder says the outage was caused by a hardware error. the backup system failed as well. still ahead "crime and punishment" the jury in the michael jackson death trial could get the case next week. tonight a look at conrad...
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solyndra was one of them. but the process by which the decision was made was on the merits, it was straightforward. of course there are going to be debates internally, you know, when you're dealing with something as complicated as this. but i have confidence that the decisions were made based on what would be good for the american economy and the american people and putting people back to work. by the way, let me make one last point about this. i heard there was a republican member of congress who is engaging in oversight on this. and despite the fact that all of them in the past have been supportive of this loan guarantee program, he concluded, you know what? we can't compete against china when it comes to solar energy. well, you know what? i don't buy that. i'm not going to surrender to other countries, technology k l lead that can end up determining whether we're building that in this country. so we're going to have to keep on pushing hard to make sure the manufacturing is located here, new businesses are l
solyndra was one of them. but the process by which the decision was made was on the merits, it was straightforward. of course there are going to be debates internally, you know, when you're dealing with something as complicated as this. but i have confidence that the decisions were made based on what would be good for the american economy and the american people and putting people back to work. by the way, let me make one last point about this. i heard there was a republican member of congress...
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. ♪ here comes the sun again >>> got some news in here with regard to solyndra. the solar panel and energy company. they were the first to receive the federal loan guarantees from the obama administration. then then filed for bankruptcy. it was just last friday afternoon. the white house released a number of documents that white house people and the administration had had back and forthwith people at solyndra. here's the news. the ceo of this company which sought that bankruptcy protection has now resigned. this is all according to papers filed in delaware bankruptcy court yesterday. brian harrison resigned last friday, quote, as scheduled on october 7th, 2011. more news to come certainly on that. stay tuned. >>> meantime, let talk politics. joining me now with the update including some new numbers. the poll number on the gop candidates. >> we've come up with a new poll of polls, taking into consideration all the recent poll from the various media outlets that do national polling on the contenders. the gop race really is between mitt romney and herman cain. the u
. ♪ here comes the sun again >>> got some news in here with regard to solyndra. the solar panel and energy company. they were the first to receive the federal loan guarantees from the obama administration. then then filed for bankruptcy. it was just last friday afternoon. the white house released a number of documents that white house people and the administration had had back and forthwith people at solyndra. here's the news. the ceo of this company which sought that bankruptcy...
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new documents show that the president was warned about a visit to solyndra could prove embarrassing. they have investigating a half billion dollar loan to the bankrupt company alone via stimulus for a company that is now out of business. cnn has learned new jersey governor chris christie will make his intentions clear this week. he had been pressured by some to get into the race. sources now say he is mulling it over with his wife. any decision about seeking republican presidential nomination is expected within the next 48 hours. >>> prosecutors in the manslaughter trial of michael jackson's doctor are expected to call two of that doctor's girlfor examples as they try to establish a time line of his death. monday two emergency room doctors testified murray pressed them to revive jackson even though he was certain -- they were certain that michael jackson was already dead. one of the doctors says murray left out a crucial detail. >> now, in your discussions with conrad murray, did he ever mention any other narcotics to you other than the ativan or the lorazepam. >> no, i specific aske
new documents show that the president was warned about a visit to solyndra could prove embarrassing. they have investigating a half billion dollar loan to the bankrupt company alone via stimulus for a company that is now out of business. cnn has learned new jersey governor chris christie will make his intentions clear this week. he had been pressured by some to get into the race. sources now say he is mulling it over with his wife. any decision about seeking republican presidential nomination...
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Oct 16, 2011
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so you have cases like solyndra, capital allocation, and you find this is the wave of the future, and you have a bust. you're looking at a series of successive failures in this huge investment in so-called green technologies which could have been predicted were going to be fearless. the real problem is you don't know where the jobs of the future are going to come from. you talk good schoolteachers and so. on yes, we'll have schoolteachers in the future. but who's the next steve jobs of the economy -- >> stimulus spending, bret, though, stimulus spending isn't about betting on the next steve jobs. stimulus spending is about do you believe that you need to kick-start the economy in time of recession, especially after a financial crisis. >> and did the stimulus kick-start the economy? >> the question is -- you have to think about what would the case be had there been no stimulus. you can't say, okay, the economy isn't perfect so the stimulus failed. >> you have 850 billion of misallocated capital -- >> no, fareed was right. you would have had more people unemployed. and the jobs in the m
so you have cases like solyndra, capital allocation, and you find this is the wave of the future, and you have a bust. you're looking at a series of successive failures in this huge investment in so-called green technologies which could have been predicted were going to be fearless. the real problem is you don't know where the jobs of the future are going to come from. you talk good schoolteachers and so. on yes, we'll have schoolteachers in the future. but who's the next steve jobs of the...
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we have solyndra. >> the restraints are placed on the federal government. as long as we allow the federal government to grow and don't obey those restraints, things will get worse. the good news is, there's a whole generation of americans right now rising up and saying, we were on the right track at one time. let's get back on that track. let's restore liberty to this country and prosperity and peace. >> well, in his remarks today romney made no direct mention of a controversy surrounding his mormon religion. a baptist pastor who supports perry called mormonism a cult. that pastor who called mormonism a cult yesterday isn't backing down. i had a chance to speak with him about an hour ago. he says mitt romney is a moral man, but romney is not a christian and he has the right to support a christian candidate. >>> john jay was the first supreme court justice of the united states court, the author of the federalist papers. sxesd, quote, we have a duty and private as christians to select and prefer christians as our leaders. i hardly think he was a bigoted perso
we have solyndra. >> the restraints are placed on the federal government. as long as we allow the federal government to grow and don't obey those restraints, things will get worse. the good news is, there's a whole generation of americans right now rising up and saying, we were on the right track at one time. let's get back on that track. let's restore liberty to this country and prosperity and peace. >> well, in his remarks today romney made no direct mention of a controversy...
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in the solyndra case, you're right, by the time we said this is our strategy to loan money to these companies, china had already done it too long ahead of us and already had the advantage. >> right. just one quick point. and if we can do it, we did it during world war ii, we were willing to come together, industries, government, et cetera. if you look at debt as a percent of a gdp, at the end of the second world war, higher than it is today, but we set the stage for a generation of growth. if we're willing to spend correctly, we can and the only way we're going to do it, someone has to wake up and say, but we're not shooting at china, but we're fighting a war for our role in the 21st century. >> will cain left, we lost him, i'll try to represent his view to you. >> you're going to channel will cain? >> will is going to say despite what stephen says, why should our government as opposed to just private industry, be in the business of deciding what's going to succeed and what the future is going to be? stephen's response would be because china is doing it. >> and we're at war with them. >> what
in the solyndra case, you're right, by the time we said this is our strategy to loan money to these companies, china had already done it too long ahead of us and already had the advantage. >> right. just one quick point. and if we can do it, we did it during world war ii, we were willing to come together, industries, government, et cetera. if you look at debt as a percent of a gdp, at the end of the second world war, higher than it is today, but we set the stage for a generation of...
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Oct 29, 2011
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the solyndra problem where there are questions of special favors and special interest there. so, who is barack obama? is he the same president who says he's going to spend more while we're going to reduce the deficit? there's a lot of ambivalence to this man. >> james, do you think that's fair? >> well, first of all, i have no recollection of saying in this conversation that people cared more about the trillions he spent than the millions that he raised. but maybe somebody heard something i didn't. >> i took a slight liberty with that, james. >> okay. all right. thank you. i appreciate that. secondly, i do think people care about the intersection of money and politics. i think this is becoming an increasingly big issue, and i think it's -- i don't know where it ranks on the scale, but i think it's ranking increasingly up there. but again, is this a fair kind of observation to make? is it fair for eric to write the story in the "new york times"? is it fair for us to bring it up? sure, it is. you know, it also goes -- i think that, you know, probably during the campaign, what i
the solyndra problem where there are questions of special favors and special interest there. so, who is barack obama? is he the same president who says he's going to spend more while we're going to reduce the deficit? there's a lot of ambivalence to this man. >> james, do you think that's fair? >> well, first of all, i have no recollection of saying in this conversation that people cared more about the trillions he spent than the millions that he raised. but maybe somebody heard...
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the solyndra problem where there are questions of special favors and special interest there. so, who is barack obama? is he the same president who says he's going to spend more while we're going to reduce the deficit? there's a lot of ambivalence to this man. >> james, do you think that's fair? >> well, first of all, i have no recollection of saying in this conversation that people cared more about the trillions he spent than the millions that he raised. but maybe somebody heard something i didn't. >> i took a slight liberty with that, james. >> okay. all right. thank you. i appreciate that. secondly, i do think people care about the intersection of money and politics. i think this is becoming an increasingly big issue, and i think it's -- i don't know where it ranks on the scale, but i think it's ranking increasingly up there. but again, is this a fair kind of observation to make? is it fair for eric to write the story in the "new york times"? is it fair for us to bring it up? sure, it is. you know, it also goes -- i think that, you know, probably during the campaign, what i
the solyndra problem where there are questions of special favors and special interest there. so, who is barack obama? is he the same president who says he's going to spend more while we're going to reduce the deficit? there's a lot of ambivalence to this man. >> james, do you think that's fair? >> well, first of all, i have no recollection of saying in this conversation that people cared more about the trillions he spent than the millions that he raised. but maybe somebody heard...
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the story might sound a little like solyndra. they received aid from the federal government only to file for bankruptcy. representative cliff stern says these troubled investments point to why the federal government shouldn't play the vol of venture capitalist. >> i think the overall concern i have, is the administration wants to industrialize using the government to control and make decisions on who is a winner and loser in the market. you cannot do that in a free market. if you start to predict who is winner and loose losers are, then you socialize this country. >> the problem for the lithium ion battery is competition from overseas. china. and the lack of customers. there aren't that many electric cars on the road. and using stimulus money to fund multiple companies at the same time. >> i think it was misguided. in the sense that russia building five plants at the same time with given production capacity for a markets that did not need it yet, was a mistake. so the whole project was misguided. >> the obama administration ackno
the story might sound a little like solyndra. they received aid from the federal government only to file for bankruptcy. representative cliff stern says these troubled investments point to why the federal government shouldn't play the vol of venture capitalist. >> i think the overall concern i have, is the administration wants to industrialize using the government to control and make decisions on who is a winner and loser in the market. you cannot do that in a free market. if you start to...